Share Name Share Symbol Market Type Share ISIN Share Description
Marwyn Val. LSE:MVI London Ordinary Share KYG5897M1740 ORD 0.0001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 127.50p 127.00p 128.00p 127.50p 127.50p 127.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.8 5.8 8.3 15.4 90.16

Marwyn Value Investors Share Discussion Threads

Showing 1176 to 1199 of 1200 messages
Chat Pages: 48  47  46  45  44  43  42  41  40  39  38  37  Older
DateSubjectAuthorDiscuss
23/5/2018
07:17
Ahh - a significant intervention - Tilts is the master of timing (usually!)
skyship
22/5/2018
16:35
I've picked up a few today, but got rejected on my final order. Declined to pay 130p for a small number, but might re-visit tomorrow.
tiltonboy
22/5/2018
15:50
Not sure about estimating the NAV skyship but BCA up 4% since last report and ZEG up 12%. Decent buying in MVI today. It'll be due to go on one of its little runs up soon imo...perhaps prompted by a Simon Thompson tip?
gleach23
22/5/2018
14:54
...and BCA up another 4% today @ 198p; but still MVI doesn't show a quiver. Anyone like to estimate the NAV now?
skyship
18/5/2018
11:24
Back in for a few today. I remain no great fan of Robert Ware; but the combination of discount and yield is pretty compelling at this level.
skyship
17/5/2018
21:34
The BCA share price was up 4% almost reversing the decline caused by the Times article. I also note that Armstrong Investments are continuing to increase their stake.
hedge fund harry
14/5/2018
23:37
thanks very much hfh - explains the difference and best to go by these numbers than the ones I used
gleach23
14/5/2018
23:23
Hello gleach I've copied the portfolio breakdown as of mid March from the final results below. I've checked back a few years of results and I believe the other assets of 32% are in fact cash and equivalents. Zegona Communications plc 20.0% BCA Marketplace plc 29.0% Wilmcote Holdings plc 9.3% Safe Harbour Holdings plc 5.5% Gloo Networks plc 4.5% Le Chameau Group plc 14.9% Other assets 32.0% Liabilities (15.2)%
hedge fund harry
14/5/2018
22:00
hi hedge fund harry - you're welcome - it's refreshing to have some positive vibe on the thread! i do though accept that MVI hasn't done itself many favours lately and thus the discount to NAV perhaps shouldn't be such a surprise. I read with interest today's very good posts on BCA. In one of yours you mention that BCA is 28% of MVI holdings. Is this after a cash holding has been taken into account? I have been estimating the BCA holding to be 42% which is quite different to yours but doesn't take account of cash that MVI is holding. Perhaps you'd be good enough to check my post 1130 here to see how I arrive at 42% and let me how your number differs? I don't want to be giving bum steers here if I have it wrong. Thanks
gleach23
14/5/2018
13:17
Safe Harbour and Wilmcote are the other GLOO type companies but they are not valued at a premium and their share prices closely reflect the funds raised at their respective IPOs. Combined they are 14% of the NAV. Everyone is writing these off but they could be the next ZEG and if they aren't they will be wound up like GLOO and the funds returned.
hedge fund harry
14/5/2018
13:08
To be fair, I don't know how much profit they made in Breedon, which used to be Marlyn Materials I think.
mad foetus
14/5/2018
13:07
Agreed; their successes have been ETO & ZEG, I don't see too many others over the past 10 years. Remain a holder, but small.
spectoacc
14/5/2018
12:16
I think the debacle at GLOO throws into doubt the whole MVI "platform" model. Giving money to people and saying "go and buy an undervalued business" has been revealed to be higher risk than expected. And it calls into question the judgment of Mark Watts, so for me they need to prove themselves again before they become investable.
mad foetus
14/5/2018
11:55
I believe 160p is a very modest target price what with the FTSE100 closing in again on its record high. I don't see any other shares out there that could rise 20% and still be arguably undervalued. As an aside I notice the NAV updates are 2 weeks behind so todays NAV of 200p+ will not be announced till the end of the month.
hedge fund harry
14/5/2018
08:34
Trouble is - MVI has seemingly always been a fantastic opportunity. I'm just glad of the divi.
spectoacc
14/5/2018
08:31
Thankyou gleach for highlighting this opportunity. My estimates are the NAV has risen by 6% since the last published update and the next update will show a NAV of 200p or above. 4% due to ZEG, 1% due to BCA, 1% due to GLOO. With the FTSE index at such a high level I think there is an opportunity here for a comfortable 20% rise in the share price. The portfolio companies are all listed plcs except Chameau which is 15%. The listed portfolio companies are BCA,ZEG,WCH,SSH,GLOO. Throw a 6.5% yield into the mix and I believe the current share price represents a fantastic opportunity in a market close to record highs.
hedge fund harry
09/5/2018
00:00
ZEG now up 16% since last NAV Report and accounts for roughly 25% of MVI holdings. BCA up 4% and accounts for roughly 42%. MVI down 1p since then. Discount to NAV of 33% likely to have widened a good bit further in the next NAV Report.
gleach23
03/5/2018
14:01
Clearly financial discipline and dedication doesn't come cheap ;) Reading that FT report though...£1.9m in directors' pay including bonuses of £749k appears disgusting. No doubt the activist investor Mr Bernstein made a tidy sum on his 8% holding too.
gleach23
03/5/2018
13:35
James Corsellis http://www.marwyn.com/our-team/ Good luck having this guy on your Board. He is, and I quote, enormously grateful to the GLOO team.
regina falange
03/5/2018
13:31
Gloo turned £30M into £12M in less than 3 years achieving absolutely nothing for shareholders yet - James Corsellis, a Managing Partner at Marwyn Investment Management and a Director of Gloo, said: "As Gloo's largest shareholder and investment partner, we are enormously grateful for the financial discipline and dedication of Rebecca and the entire Gloo team over the last three years assessing such a wide range of potential investment opportunities. We wish them all the best for the future." Not just grateful. No. ENORMOUSLY grateful. As a shareholder who has lost 60% of my investment I too would just like to say how ENORMOUSLY grateful I am to Rebecca and the entire Gloo team over the last 3 years.
regina falange
03/5/2018
10:44
Line drawn under GLOO today - hTTps://www.investegate.co.uk/gloo-networks-plc--gloo-/rns/proposed-return-of-capital/201805030700049567M/
gleach23
26/4/2018
13:55
Good to see signs of life @ ZEG as it bounces off £1 again
gleach23
16/4/2018
23:33
The following in today#s FT on GLOO which is a very sorry situation for MVI holders like me https://www.ft.com/content/74a80f86-3f29-11e8-b7e0-52972418fec4
cerrito
11/4/2018
11:16
Liberum; Event Marwyn Value Investors generated a 5.8% NAV total return for the ordinary shares in 2017 with gains driven by the holdings in Zegona and BCA Marketplace. The return for the realisation shares over the same period was 4.8%. The key event during the year was Zegona's sale of Telecable de Asturias to Euskaltel, resulting in a 42% total return on capital raised for Zegona shareholders. The company returned £140m to shareholders by way of a tender offer. Zegona has a 15% shareholding in Euskaltel following the transaction. Euskaltel is a highly cash-generative business and has a high EBITDA margin in comparison to peers. The company has retained its market share despite increasing competition. BCA Marketplace's results for the six months to October 2017 demonstrated robust performance. Volume growth continued for both vehicle buying (+13.8%) and vehicle remarketing (UK +6.9%, International +4.2%). Adjusted EPS rose by 17.4% from the equivalent period in the prior year. The company has today announced a trading update for the full year to 6 April 2018. Performance has been ahead of market expectations with strong profit growth. Cash accounted for c.28% of gross assets at 16 March 2018. Marwyn has holdings in three listed acquisition vehicles (Wilmcote, Safe Harbour, Gloo Networks) that are targeting their first investments which should lead to the deployment of capital. Safe Harbour floated in March 2018 and is targeting businesses in B2B distribution or business services. The company is led by Rodrigo Mascarenhas, who spent 10 years delivering international growth for Bunzl and has a strong track record of buy-and-build strategies in both Europe and Latin America across multiple sectors Liberum view Marwyn's discount to NAV has widened recently as the Zegona and BCA's share prices have been relatively weak to date in 2018. Both of these companies trade at significant discounts to international peers. Cash drag should decline this year with a number of acquisition vehicles seeking to deploy capital. The shares currently trade on a 33% discount to our live NAV estimate and offer a 6.6% prospective dividend yield.
davebowler
Chat Pages: 48  47  46  45  44  43  42  41  40  39  38  37  Older
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